European markets were higher on Tuesday after Monday’s declines.
The FTSE Eurofirst 300 added 1.54 percent to 1,509.
The Dax was up 1.27 percent to 7,575.21 in Frankfurt, while the Paris CAC-40 gained 2.02 percent to 5,549.35 and Madrid’s IBEX was 2.52 percent higher to 14,042.
The best performance on the CAC-40 was construction group Vinci (Euronext: DG), with a gain of 4.53 percent to €50.54.
Spain’s construction sector did even better.
Sacyr Vallehermoso (IBEX-35: VAL) was up 4.9 percent to €24.09, while Actividades de Construccion y Servicios (IBEX-35: ACS) added 5.7 percent to €34.81 after a broker upgrade from “accumulate” to “buy”.
In a related sector, construction materials group Lafarge (Euronext: LG; NYSE: LR) was 3.4 percent higher to €108.33.
The steel sector saw gains.
Mittal Steel (Euronext: MT; NYSE: MT) gained 2.96 percent to €49.36, while ThyssenKrupp (FWB: TKA; LSE: THK) was up 3.62 percent to €41.46 for the best performance on the Dax.
Banks made gains.
Deutsche Bank (FWB: DBK; NYSE: DB) added 2.47 percent to €90.36, while BNP Paribas (Euronext: BNP; TYO: 8665) was 3.11 percent higher to €74.19 and Credit Agricole (Euronext: ACA) gained 3.25 percent to €27.31.
Motor vehicle manufacturers were mixed on the Dax.
Truck maker Man (FWB: EDF1) was up 3.44 percent to €103.55, but BMW (FWB: BMW) dropped 0.38 percent to €34.41.
Utilities were slightly lower on the session.
EDF (Euronext: EEN) fell 0.12 percent to €74.05, while Eon (FWB: EOA; NYSE: EON; LSE: EON) was down 0.73 percent to €125.97.
IT services group Cap Gemini (Euronext: CAP) had the worst day on the CAC-40 as it dropped 1.57 percent to €40.20, while financial planners MLP (FWB: MLP) was the worst performer on the Dax with a decline of 1.27 percent to €10.12.